From Nasdaq: 2024-06-26 11:34:36

Stock indexes are slightly lower today after hawkish comments from Fed Governor Bowman pushed T-note yields higher. FedEx is up over 12% after strong Q4 results. US MBA mortgage applications rose 0.8% last week. Markets are focused on Friday’s US May core PCE deflator release. Q1 earnings results remain positive.

Interest rates are up today as T-notes face pressure from hawkish Fed comments. European government bond yields are also rising. German July GfK consumer confidence unexpectedly fell. Swaps predict a 9% chance of ECB rate cut in July. US stock movers include Aptiv, General Mills, and airline stocks facing pressure.

FedEx leads S&P 500 gainers with a 12% increase after strong Q4 results. Worthington Enterprises and Sarepta Therapeutics are down over 6% and 3% respectively. Whirlpool rises more than 14% on takeover rumors. Rivian Automotive climbs over 31% after Volkswagen investment news. Chip stocks like Nvidia and Micron Technology are up over 2%. Earnings reports for June 26 include companies like General Mills and Micron Technology.



Read more at Nasdaq: Hawkish Comments from Fed Governor Bowman Weigh on Stocks